HOSE:VAF Cash Flow Statement

Financials in millions VND. Fiscal year is January - December.

Millions VND. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2015	FY 2014
Period Ending	Dec '25 Dec 31, 2025	Jan '25 Jan 1, 2025	Jan '24 Jan 1, 2024	Dec '15 Dec 31, 2015	Dec '14 Dec 31, 2014
Net Income	170,420	70,946	63,198	65,190	85,211
Depreciation & Amortization	2,703	3,597	4,146	5,828	6,153
Other Amortization	6.67	-	-	55	55
Loss (Gain) From Sale of Assets	-218.01	-	-19,284	-	-
Other Operating Activities	-10,711	-21,475	-11,293	-24,675	-26,785
Change in Accounts Receivable	-33,194	15,174	3,207	-13,106	20,047
Change in Inventory	152,877	-12,731	-77,873	-13,574	32,945
Change in Accounts Payable	-969.42	401,221	14,082	-26,819	-64,063
Change in Other Net Operating Assets	-272,756	57,161	5,686	-7,627	-11,297
Operating Cash Flow	8,158	513,895	-18,132	-14,729	42,266
Operating Cash Flow Growth	-98.41%	-	-	-	-44.15%
Capital Expenditures	-464.27	-1,227	-3,116	-37,607	-6,099
Sale of Property, Plant & Equipment	-	-	19,284	21.89	-
Other Investing Activities	20,384	2,961	3,351	11,031	16,954
Investing Cash Flow	45,604	-163,950	19,519	4,908	150,855
Long-Term Debt Repaid	-230.67	-230.67	-19.22	-	-
Net Debt Issued (Repaid)	-230.67	-230.67	-19.22	-	-
Common Dividends Paid	-37,665	-37,668	-33,893	-43,475	-43,460
Financing Cash Flow	-37,896	-37,898	-33,912	-43,475	-43,460
Foreign Exchange Rate Adjustments	55.24	117.32	-30.77	6.43	25.23
Net Cash Flow	15,922	312,164	-32,556	-53,289	149,686
Free Cash Flow	7,694	512,668	-21,248	-52,336	36,167
Free Cash Flow Growth	-98.50%	-	-	-	67.41%
Free Cash Flow Margin	0.48%	42.01%	-2.12%	-5.47%	3.89%
Free Cash Flow Per Share	204.27	13611.13	-564.14	-1389.50	960.22
Cash Interest Paid	73.51	89.53	4.69	1,979	-
Cash Income Tax Paid	26,876	23,377	10,394	21,031	25,722
Levered Free Cash Flow	256,936	438,503	-	-21,543	21,479
Unlevered Free Cash Flow	256,982	438,559	-	-21,543	21,479
Change in Working Capital	-154,042	460,826	-54,899	-61,126	-22,369

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.